tv CBS Morning News CBS October 28, 2011 4:00am-4:30am EDT
gaining traction. the u.s. economy shows life, sending stocks soaring. but when will main street get some relief? from the ruins. more amazing rescues in turkey overnight with people buried more than four days in the rubble. a cardinal walkoff. a walkoff home run forces a seventh game in the world series. this is the "cbs morning news" for friday, october 28th, 2011. and good morning, everybody. good to see you. happy friday. appreciate you joining us. i'm terrell brown.
we begin with the u.s. economy. some signs of growth though not enough to relieve the highw unemployment rate. the dow jumped nearly 340 points yesterday. for october it's up 11%, that is on track for its largest one-month percentage gain in 25 years. ashley morrison is here in new york with more. good morning to you. >> reporter: asian markets picked up where wall street left off. the eu debt deal put many overseas investors in a buying mood. hong kong's hang seng was up almost 2%. here at home, the month is so good for stocks some are calling it rock tober. technically, the economy has recovered from the recession. our gross domestic product,
that's the total value of all the goods and services in america, hit 13.3 trillion dollars in the third quarter, surpassing the previous peak set before the previous economy went south in 2007. there is plenty of other good news. the huge rally on wall street has pushed stocks into positive territory for the year. consumer spending was up 2.4% last quarter, the biggest jump in more than a year. and retailers are forecasting a happier holiday season projecting almost a 3% sales increase, that is better than the average for the past decade. but there is also plenty of bad news. unlike previous recoveries, we are still not seeing the positive signs where they are needed most. unemployment is expected to stay high for quite some time. consumer confidence is at its lowest since the recession. >> i think we are very vulnerab vulnerable. >> reporter: economist mark zandi says that will have to change for businesses to start
hiring. >> until that happens our economy will be fragile and at risk of anything going wrong. we will back into a recession. >> reporter: foreclosure jumped 15% with millions of homeowners in trouble, it could be years before we are able to dig ourselves out of the hole. a word of warning about the gdp numbers everyone is getting so excited about. the economy grew 2.5% last quarter which was a major jump, but it's nowhere near enough to say we are out of the woods. for that, we would like to see 4% or higher. >> cautious optimistic at this point. ashley morrison in new york, thanks. a candlelight vigil held last night in oakland for scott olson. he was the war vaernt weteran w injured in slashes with police. olson is shown being carried by
other protesters through tear gas. he was struck in the head by an unknown projectile. >> he actually can communicate. he can make signs. he can write. he clearly understands what we are saying. huge neurological improvement over what he was when he got here. but he is still having trouble articulating words. >> reporter: last night, there was a vigil in nashville. overseas, another miracle rescue in turkey. earlier this morning, about 100 hours after sunday's massive earthquake, a 13-year-old boy was pulled alive from beneath a collapsed building. the quake killed at least 570 people and injured 2,300 others. it was another cold and wet night in turkey that hampered rescue efforts. some 2,000 buildings have been void. more than a half dozen debates between the republican
presidential candidates are scheduled. in an unusual move, texas governor rick perry may be a no-show. susan mcginnis is in washington with that. good morning to you. >> reporter: good morning. yes, perry's advisers are regrouping and trying to figure out the most effective way for him to spend the next eight weeks and they may be agreeing with those who sail tying the debates are not doing rick perry any favors. >> rick, i'm speaking. i'm speaking. >> reporter: following several weak performances and a slip in the polls, the texas governor is considering skipping some upcoming debates. he hasn't committed to any other debates. the rest of the gop field was quick to criticize him. >> i don't see how somebody can say that they can't debate rick santorum or newt gingrich or ron
paul but they will be ready to debate barack obama. >> reporter: perry has long admitted he is not a strong b t debater. all of the gop candidates have their work cut on foe mor them. he still leads every single republican rival. at an education forum on thursday, michele bachmann attacked aimed at helping -- >> it is unwise for the president to make the suggestion he did. >> reporter: but the president says he is not paying much attention to the gop pack. last night at a restaurant in washington he had dinner with four supporters. two retired teachers, a postal worker and a small business owner, all won a campaign contest to share a meal with the president. now the obama campaign flew in those four winners from four important states, alabama, minnesota, indiana, colorado, all states important to the
re-election campaign. >> yep. it is up and going already for 2012. susan mcginnis in washington, thank you so much. in washington, house of representatives is doing some skipping of its own. the house announced it will be in session for just 109 days next year, an election year. last year the house met 127 times. the criminal case against john edwards is headed to trial. edwards is accused of hiding nearly $1 million to hide an affair with a campaign aide. the trial is scheduled to start in january. now to ponzi king bernie madoff. in an interview, he says he actually likes it in prison better than he was living the high life. madoff's family has been in seclusion but in an interview with "60 minutes," madoff's wife
tells morley safer. >> i was kind of paralyzed. bernie got up and said i'm going back to the office. >> reporter: was he emotional in any way? >> i don't remember that. he must have been. >> reporter: apologetic in any way? >> probably, yes. i -- it's sort of a blank now. i'm not hedging here. i just simply don't remember every detail. i was in such a state. >> reporter: later that day, that evening, you both turned up at the office christmas party. >> i know. he phoned me from the office and he said we have to go to the office christmas party, so i got myself together and went over there. we stayed a half an hour and we just went home. the next morning, the fbi was there to arrest him about 7:00 a.m. >> you can see morley safer's interview with madoff's wife and
son sthat is coming up on "60 minutes" on sunday. michael jackson's doctor who caught prosecutors off guard. plus, they have back. beavis and butt-head take on snookie and the tomorrow night flicks. this is the "cbs morning news." with chili's $6 lunch break combos, featuring texas toast half sandwiches. chili's lunch break combos. is saturday. hurry in for your last chance to get the lowest prices of the season. with the biggest savings on apparel to appliances, the top brands of tools to the newest electronics and more. that's real deals for real savings. sears.
at least seven people are dead after an indiana highway crash. police say a tractor-trailer slammed into a minivan last night. this was on the border near michigan. ten people were in that minivan. three were taken to hospitals along with the truckdriver. witnesses say the minivan may have hit a deer and stopped before being hit by that truck. in the manslaughter trial of michael jackson's doctor, dr. conrad murray, will not testify in his own defense. his last witness took the stand yesterday. that would be dr. paul white. he rejected the prosecution's theory on how jackson died. >> if, in fact, murray had administered the drugs that he described in his conversations
with the police department and the doses that he described, i would not have expected michael jackson to have died. >> dr. white could conclude his testimony today but the prosecution won't start its cross-examination until next week. in health news this morning, many people take asprirn to prevent heart attack and stroke and now british researchers have found it may have another big benefit. >> reporter: don maxton was with his mother when she was diagnosed with colon cancer. >> they checked her out right aaand they could tell there was something, there was something wrong. we expected colon cancer at that point. >> reporter: his family history puts him at higher risk at getting the disease but now british scientists have found a very common drug may be able to cut that risk. >> we set out to try to see if it would prevent -- and today we are announcing that it does. >> reporter: researchers found that two aspirins a day can lower cancer rates around 60% of
people who are scientists say the results are so impressive that doctors should consider giving aspirin. smoking can put you at increased risk at colon cancer and so can a diet of red meat and aspirin may seem like a simple solution but it has side effects. >> it is important to do this after having spoken to your physician and finding out exactly just how high risk you are. >> reporter: maxton takes a low dose aspirin for his heart and plans to ask his doctor if he should take more to protect against cancer. a couple of very familiar faces are back on mtv.
>> is bella a zombie? always standing there with her mouth open and acts like she is did. >> quiet! >> sorry. >> reporter: unmistakable. you know who this is. after 14 years, beavis and butt-head have returned. now they are trashing the twilight movies and reality tv. if you thought they might have matured since the '90s, they have not and it's not a big surprise, by the way. coming up next, we will take a break and have your thursday morning weather. in sports, we have a world series! cardinals make a dramatic comeback and force a game seven against the rangers. i was taking a multivitamin... but my needs changed... i wanted support for my heart... and now i get it from centrum specialist heart. new centrum specialist vision... helps keep my eyes healthy. centrum specialist energy... helps me keep up with them. centrum specialist prenatal... supports my child's growth and development. new centrum specialist is a complete multivitamin that gives me all the benefits of centrum.
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here's a look at the weather in some cities around the country. time now for a check on the national forecast. the latest satellite picture shows clouds leaving the northeast and clear skies over the southwest. later today, a threat of showers from alabama to the carolinas. chilly in the northeast and southern plains. and it stays warm and dry in the southwest. in sports this morning, it was one for the ages. the st. louis cardinals stunned the texas rangers, now the world series goes to a game seven. the hero of the game? cardinals david freese. bottom of the ninth he trichls off the wall to tie the game at
7. then in the 11th, smacks a towering lead-off home run straight to center. it gave st. louis an amazing come-from-behind win. cardinals take this one 10-9 over the rangers. >> it feels good. you know, i felt like i was a part of a circus out there, bouncing balls off the top of my hat a little bit, but, man, i just wanted an opportunity -- you know, we tied that up. we had in good abs and tied that up and just keptbattling. 18th ranked houston faced off against rice and kept running up the points. the cougars case canan threw a record-setting nine touchdown passes. houston trounces rice. when we return, another look at this morning's top stories. taking a run at ebay. the hot new website that lets people outsource simple errands.
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on the "cbs morning news," here's a look at today's weather. a system, a storm system hitting the southeast. clear, yet chilly conditions, arrive in the northeast. the southwest is warm with highs in the 70s and 80s. look for a new storm to enter the northwest later today. here is another look at this morning's top stories. stocks in asia are surging today following the lead off wall street. the dow jones industrials opens the day following yesterday's 339-point surge. early this morning another miraculous rescue in texas. a 13-year-old boy was pulled alive from a collapsed building over a hundred hours since sunday's powerful earthquake. a new website called zaarly is off to a running start. it allows people to post requests for good or services and other people bid to fulfill them. c-net's karla suboard reports.
>> reporter: peter clark is a san francisco college student who is looking to fine-tune his deejay skills. >> i just want to make sure that i'm not building bad habits or doing something that i shouldn't be doing. >> reporter: to quickly find a more experienced deejay for a lesson he puts his request on zaarly where users list the request, price and time frame for goods and services and hopes someone can fulfill it. >> and boom. our goal is to make it dead easy for people to find what they want and make money and transact with one another. >> reporter: it launched earlier this year from ashton kutcher, the star of cbs' "two and a half men." >> 60,000 users and growing like crazy. >> reporter: none of the similar sites like these shown here tap into existing tech like zaarly. >> this would have been impossible without a facebook, without google maps. >> reporter: i had my stop watch running and it took exactly 45 minutes for peter to put out the
request that he was looking for a deejay and will to show up at his doorstep. both peter and will said they enjoy the zaarly experience. >> he showed me points on what i should and shouldn't be doing. >> i think it's a lot of fun. if you have the spare time on your hands and you can provide a service, why not? >> reporter: zaarly derives from. the birthday of lady liberty. the statue was dedicated in new york harbor, 125 years ago today. a big macy's fireworks show will celebrate the big day tonight and a web cam has now been installed in her torch so anyone can enjoy the show. if you want to visit her, you better hurry. the statue will be closed for a year starting tomorrow for renovations, although the park will remain open.
interestingly enough, the new york city parks department says 86% of visitors to that island don't actually step inside the statue. i'm terrell brown. and this is the "cbs morning news." faulty thermostat. uneven heat. ah! hand me that lotion. mmmm. nice. you know that's frosting? do me a favor. get my back! time for a new stove? come to the sears holiday preheat event now and save 40% to 50% off all kenmore wall ovens, 20% to 30% off all other kenmore cooking, plus an extra 5% off all appliances with your sears card. sears.
friday!! awesome! >> that is good news. >> we are going to charge right through friday. >> i am pacing myself in case i have to work tomorrow. >> wait a minute! i told a woman last night, no stickage. >> here in dc, it's likely we will see changeover, but it will be too warm, but north and west of town, a winter storm watch for frederick and winchester and haggerstown. you may see something by saturday. the winter storm catch along and north of i-70 and west of route 15. northern faulk is in it. marshall, the plains, going out to great meadow there for the races or any other events out there, and they are in the winter storm watch, the whole
san shenandoah valley. 50 at 5:00, and highs today only in the low 50s with the northwest wind at 5 to 10 miles an hour. a mix of clouds, and high clouds, and some breaks out there. you will notice a few sprinkles out there. the storm system that got amarillo is the aim that may get our western and northern suburbs late tonight and tomorrow. mid-40s down to southern maryland and frederickburg, but it's the quiet day. tomorrow is the day that could get sloppy. 54 down south, and only 49 in winchester. get ready for an interesting saturday. monika. >> now you're using sloppy and snow. that does not sound good. a problem in traffic, the northbound side of 270 right here north of montgomery avenue. a truck lost its load of nails
and screws. this is falls road. northbound 270 is affected. the hov lanes and the left lane are open past the scene, but maryland police are there to clean it up. luckily for the rush hour, southbound is okay but it may get some tension on the southbound side. i will keep you posted on that situation. the beltway, and you can see the flashing lights there. that's where there is construction. usually picking up early on friday. no problems on silver spring. we will go to 395 northbound, and here's the 14th street bridge. looking fine as you leave the beltway in springfield. you're going to be okay. i will update the situation on 270 at 4:39. thank you monika, europe's new debt deal is giving the markets a big boost. the market rallies coming after
the european union leaders agree to slash greece's debt and offer a joint plan to keep the debt from spreading around the world. as part of the deal, the banks will accept 50% losses, and the european union will double the risk for default. e.u. leaders will finalize the details december 1st, and they are asking financially stable countries to help in the recovery. a congressional supercommittee continues to be split along party lines. rival plans from republicans and democrats on the committee call for smaller than expected cost of living raises for retirees and social security retip cents. >> it calls -- recipients. it calls for tax increases, but republicans are against the tax increases